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 helping_user
Joined: 31 Mar 2006
Posts: 815
Location: Hawaii
154.76 Dollars($)
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 Posted: Mon May 15, 2006 10:19 pm Post subject: Loan from Reinisch and My House Saver - Beware of frauds!! |
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It's really sad to see that fraud cases in Indiana are increasing day by day. But what we can do? The only solution is to be more cautious while selecting lender.
The borrowers should look for the company license information, profiles and detail information (like surety bond etc), whether written agreement is provided or not etc.
I was reading through one such fraud case by a company in Indiana. The Reinisch and My House Saver, as it is called, is a Credit Service Organization charged for misleading borrowers with false promises.
As per the Indiana's Credit Service Organization Act and Indiana's Deceptive Consumer Sales Act, the company is charged for:
- The organization failing to obtain a surety bond for the amount of $10,000.
- Not able to provide a written contact to the consumers.
- Calling itself as a broker without having proper license.
The court ordered the company to pay $3,000 as consumer compensation and $82,000 as cost and penalties.
Source: consumeraffairs.com |
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riley
Guest
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| Posted: Tue Aug 08, 2006 11:35 am Post subject: |
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It sometimes becomes really difficult to ascertain who would be the right company to deal with.
your information will certainly help people make the right decision. |
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M. Morford
Guest
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| Posted: Fri Jan 19, 2007 1:30 pm Post subject: |
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| Quote: | | The court ordered the company to pay $3,000 as consumer compensation and $82,000 as cost and penalties. |
In my opinion penalties should be much higher like $250,000, so that they will have at the back of their minds that if somehow get caught would face really bad financial loss.
That will make them think before trying to fraud someone.
M. Morford |
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denetia woodruff
Guest
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| Posted: Fri Mar 20, 2009 1:13 pm Post subject: my house saver |
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| karen got my family too she took $3000.00 of my money and told me that My home would be safe one day i was at home and the Sherrif removed my family right out of my home right under my nose ....Too bad I had no knowledge of this lawsuit I would have been there. Now the statute oif limitations are up it has been three years ago that she duped my family .I tried to get a hold of her regarding this matter and she was not to be found ...I hve no respect for what she has done and what she has done to others I hope she gets all she deserves. But still it will not be enough, all she had to do is to pay the mtg co what I owed and she did not do that I only was behind $1500.00 but she took $3000.00 from me |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7447
Location: bloomfield, ct
70.06 Dollars($)
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| Posted: Sat Mar 21, 2009 6:55 am Post subject: |
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denetia, who is karen? is this the same company that was noted in the original post by "helping user"? is this a different person or company? it helps to know who the bad guys are so we can distinguish between them and the good guys.
i feel for you in your loss.
can you provide a little more detail?
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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JKennedySLG
Community Experts
Joined: 01 Apr 2009
Posts: 335
Location: New Jersey/New York
9.13 Dollars($)
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| Posted: Mon May 04, 2009 9:24 pm Post subject: |
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We thank you for your post and hope this may help others avoid this company. Denetia, please clarify whom you are referring to in your post as George said. This community is always growing and we all benefit greatly from this type of information.
_________________
James Kennedy
RBI Home Loans
Bellmore, NY - Matawan, NJ
(888)724-0955 - (732)290-1888
Qualify NOW: www.YourLowerRates.com
580+ Credit ~ 3.5% Down Payment
540+ Credit ~ 5% Down Payment
500+ Credit ~ 10% Down Payment |
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